CBD Personal Loan (Salary Transfer)
| Islamic Finance | No |
| Minimum Salary | AED 8,000 |
| Minimum Age | 21 years |
| Maximum Age | 60 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Confirmed employment with at least 6 months of service at a CBD-approved employer; monthly salary from AED 8,000 transferred to CBD. |
| Minimum Loan Amount | AED 0.00 |
| Maximum Loan Amount | AED 750,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | 3.00% - Approximate flat rate derived by dividing the reducing rate by ~1.832. Actual flat rate varies. |
| Reducing Interest Rate: | 5.50% - Ranges from 5.50% up to 18% per annum, subject to salary and employer category. |
| Processing Fee: | 1.00% - 1% of the loan amount (min AED 525, max AED 2,625). |
| Early Settlement Fee: | 1.00% - 1% of remaining balance, capped at AED 10,500. |
| Late Payment Fee: | 200.00% - AED 200 charged for each late installment payment. |
| Insurance Fee: | 0.82% - Starting from 0.82% of the total loan amount. Multiple coverage options available. |
Required Documents
Valid Emirates ID, valid passport/visa, salary certificate or salary transfer letter, latest 6-month bank statements.
Additional Benefits
Possible free credit card and other bundled offers upon eligibility.
Features:
Finance up to 15x salary for expats, 20x for UAE Nationals; flexible repayment terms up to 48 months.
